Biden vows to tackle inflation ‘head on’ as US price surge hits 30-year high


US President Joe Biden has admitted that Americans are paying too much for everyday goods, vowing to tackle inflation 'head on'. – EPA pic, November 11, 2021.

PRESIDENT Joe Biden acknowledged yesterday that US shoppers were paying too much for everyday goods, vowing to tackle inflation “head on” after government data showed it had reached a 30-year peak last month.

The sharp spike in the consumer price index (CPI) reported by the Labor Department surprised economists and the White House alike, and came as Biden headed to Baltimore to promote the US$1.2 trillion (RM5 trillion) infrastructure overhaul he argues can turn the tide.


Effective July 2018, access to full reports will only be available with a subscription. Sign-up now and enjoy one (1) week free access!

Subscribe Now!


Sign up or sign in here to comment.


Comments